Values of goods are not static things that can be used for central planning. Values apply only to a particular transaction at a particular place and at a given time by human beings.
Sanctions have a long history of failure. The US government's recent sanctions on Iran will likely be no different, but they will certainly be harmful to the Iranian people.
If the government were a sitcom family, they would be called the Spendthrifts, and no one would dream of trusting them with credit.
Efforts to abolish the US Senate because it's "undemocratic" employ a very crude and dangerous type of majoritarianism.
Whether diversity is a social benefit depends on whether it creates excuses to fight each other for special treatment. Politicizing our differences is far more likely to make diversity a source of conflict.
Our flawed economic measure called GDP leads to a flawed and skewed view of the economy in which consumer spending is the most important metric.
Just two metro areas in Virginia reported more homicides than all the rest of the state combined.
Entrepreneurs are the reason consumers have come to expect new gains and innovations in products and services every year. Without entrepreneurs, we'd still be using rotary phones.
It is possible to determine in terms of money prices the sum of the income or the wealth of a number of people. But it is nonsensical to reckon national income or national wealth.
Judy Shelton may be a tolerable—at least to Republicans—candidate for the Federal Reserve Board of Governors.
